At Optimal Payments’ annual general meeting, held in the Island today, the company’s interim chairman Jonathan Comerford announced that revenues for 2014 are forecast to exceed expectations.
In his statement, Mr Comerford said “At the time of the group's 2013 full-year results in March we announced an excellent start to 2014.
“The strong trading in 2013 has continued in the year to date with both Neteller and Netbanx businesses performing very well, with revenues ahead of the same period last year and ahead of Q4 2013. We look forward to a further boost from the World Cup in June and July"
Revenues and EBITDA for the full year to December 31, 2014, are now forecast to be materially ahead of market expectations.”
In 2013, group revenues rose by 41 per cent to $253.4m, EBITDA was up 89 per cent to $52.2m and net profit increased to $35.1m, from $1.2 million in 2012.
Committee calls for new sea services framework by end of 2025
E-gaming company fined £700,000 over regulatory failings
Isle of Man's food security 'exceptionally good' says chief minister
Gas company says reduction is 'great news' for customers in the middle of winter
